Top Gun

Obama Placing the Economic Cart Before the Horse

I believe that the banks have sold the government a bill a goods here, that without their existence, we as a society will fail. In reality, we need to let the banks fail, then start over to a degree with new, properly priced, credit that allows a candlestick to be valued as a candlestick, not a bar of gold.

I firmly believe that the powers are trying to do this reset by devaluing assets, creating stimulus and and propping up the bank asset base. It will work, maybe, but where will inflation be? This is totally unacceptable.